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When is Robinhood Coming to Europe? Alternatives for 2024

Franklin Silva| Updated January 23rd, 2024

You have probably heard about the Robinhood app on YouTube and want to know if it’s available in Europe, right?

Robinhood is a modern and easy-to-use investment app from the US, which has introduced the concept of commission-free trading in financial products such as stocks and ETFs, alongside its biggest rivals, Webull, E-Trade, and TD Ameritrade.

Want to know if Robinhood is available in Europe, its expansion plans, and the alternatives available for European users? We’ve got you covered!

Is Robinhood Available in Europe?

Unfortunately, Robinhood is not yet available outside the US.

While it is not available in Europe yet, it is planning to open in the UK in early 2024.

Robinhood account opening – Robinhood doesn’t work in Europe

But do not lose hope! Whether you live in Belgium, Bulgaria, Greece, Ireland, Portugal, Romania, Spain, Sweden, Switzerland, Ukraine, or any other European country, you will find some alternatives proven to be reliable (and perhaps even more reliable than Robinhood!).

The COVID-19 stock crash during the first quarter of 2020 showed some vulnerabilities in the Robinhood platform. The app collapsed several times, and investors could not trade during the most volatile markets in history (examples are Gamestop and, more recently, Dogecoin). The company is facing some lawsuits due to these outages.

Besides, Robinhood has already faced some security breaches revealing sensitive information about its clients, and, at one point, it even allowed “infinite leverage” that was shortly corrected afterward. Still, it did not avoid major losses for some clients.

After watching some of these controversies, in early 2021, EU officials said that online trading platforms such as Robinhood would not be allowed in Europe due to the structure of “payment for order flow”, which may conflict with putting clients’ interests first (more about it in Reuters).

In 2022, Robinhood set aggressive goals to “open their crypto platform to customers internationally”. With this in mind, Robinhood has signed an agreement to buy Ziglu, a London-based crypto trading app, to help accelerate their international expansion, both in the UK and across Europe.

Robinhood Alternatives in Europe in 2024

  1. eToro: Best for commission-free investing and social trading
  2. Interactive Brokers: Best overall trading platform in Europe
  3. Plus500: Best for CFDs. Launched Plus500 Invest for real stock trading
  4. XTB: Best for CFD and Forex trading. Commission-free stock trading offered in some countries
  5. DEGIRO: Best for low cost investing
When is Robinhood Coming to Europe? Alternatives for 2024 1

#1 Best for commission-free investing and social trading

Min. deposit of $50 (varies between countries)
$0 for stocks and ETFs (other fees apply)
Robinhood Equivalent in Europe
View BrokerWhen is Robinhood Coming to Europe? Alternatives for 2024 2Read review
eToro summary

The leading social trading platform with 30M+ users worldwide. Copy other traders/investors, invest in one of the pre-built portfolios, or trade for yourself.

Supported countriesWorldwide (exceptions apply)Fractional sharesYes
RegulatorsFCA, CySEC and ASIC.Interest on uninvested cashUp to 5.3% in USD
Products and MarketsStocks, ETFs, Cryptocurrencies and CFDs on Stocks, ETFs, Commodities, Forex, Indices and Cryptocurrencies.

76% of retail CFD accounts lose money.

When is Robinhood Coming to Europe? Alternatives for 2024 3

#2 Best overall trading platform in Europe

Min. deposit of €/$0
Offers interest on uninvested cash balances
Excellent reputation (founded in 1978)
View BrokerWhen is Robinhood Coming to Europe? Alternatives for 2024 2Read review
Interactive Brokers summary

IBKR is a leading global online broker which provides an advanced trading platform, a large selection of tradable securities, and low fees. It also launched IBKR GlobalTrader.

Supported countriesWorldwide (exceptions apply)Fractional sharesYes
RegulatorsFINRA, SIPC, SEC, CFTC, IIROC, FCA, CBI, AFSL, SFC, SEBI, MAS and MNB.Interest on uninvested cashEUR: 3.467%; USD: 4.83%; GBP: 4.75% (as of January 2024)
Products and MarketsStocks, ETFs, Options, Futures, Forex, Commodities, Bonds and Funds.
When is Robinhood Coming to Europe? Alternatives for 2024 5

#3 Best for CFDs

Min. deposit of €/£100
Demo Account
Offers Real stocks through Plus500 Invest
View BrokerWhen is Robinhood Coming to Europe? Alternatives for 2024 2Read review
Plus500 summary

Plus500 is an online broker offering several financial tradable securities such as stocks (Plus500 Invest) and a wide range of CFDs (Plus500 CFD)

Supported countriesWorldwide (exceptions apply - not available in the USA)Fractional sharesNo
RegulatorsFCA, CySEC, FSCA, FMA and ASIC.Interest on uninvested cash0%
Products and MarketsReal Shares (Plus500 Invest) and CFDs on Indices, Forex, Commodities, Cryptocurrencies, Shares, Options and ETFs.

82% of retail CFD accounts lose money.

When is Robinhood Coming to Europe? Alternatives for 2024 7

#4 Best for CFD and Forex trading

Min. deposit of €/£0
€0 for stocks and some ETFs
Demo account
View BrokerWhen is Robinhood Coming to Europe? Alternatives for 2024 2Read review
XTB summary

XTB is a well-known online broker established in 2002 with offices in over 30 countries all over the world.

Supported countriesWorldwide (exceptions apply)Fractional sharesYes (in some countries)
RegulatorsFCA, KNF, CySEC, DFSA and FSCInterest on uninvested cashEUR: 3.80% first 90 days, then 2.00% (quoted annually); USD: Up to 5%
Products and MarketsReal Stocks, ETFs, Forex and CFDs on Stocks, ETFs, Indices, cryptocurrencies and commodities.

76-85% of retail CFD accounts lose money.

When is Robinhood Coming to Europe? Alternatives for 2024 9

#5 Best for low-cost investing

Min. deposit of €/£1
Low fees
Easy to use app
View BrokerWhen is Robinhood Coming to Europe? Alternatives for 2024 2Read review
DEGIRO summary

DEGIRO is a discount broker allowing retail clients to benefit from the same low rates and opportunities that used to only be available to professional clients.

Supported countriesEuropeFractional sharesNo
RegulatorsAFM, DNBInterest on uninvested cash0%
Products and MarketsReal Stocks, ETFs, Investment Funds, Futures, Leveraged Products, Bonds and Warrants.

Investing involves risk of loss.

1# eToro

etoro logo
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76% of retail CFD accounts lose money.

eToro at a glance

0% Commissions(Stocks and ETFs)
Mobile App
ProductsStocks, ETFs, Cryptos, and CFDs on Stocks, ETFs, Commodities, Forex, Indices, and Cryptocurrencies
Minimum Deposit$50 (it varies between countries)
RegulatorsFCA, CySEC and ASIC

Founded in 2007,  eToro is an international online broker with over 30 million users who can trade over 3,000 financial assets, including stocks, ETFs, Cryptos, and CFDs on Stocks, ETFs, Commodities, Forex, Indices, and Cryptocurrencies. Stocks and ETFs are traded commission-free, as a whole, or fractional shares (other fees apply).

eToro’s investment platform, accessible through both web and mobile platforms, is a social trading hub. Here, investors can engage in discussions about investments, speculations, and market news with fellow investors. eToro also allows users to replicate trading strategies (CopyTrader™) and invest in ready-made investment portfolios (Smart Portfolios) based on thematic investment strategies.

The demo account is particularly useful for a beginner ($100,000 of virtual money). It lets you have a real experience hands-on as you would be using real money. So, when switching to a real account, you will notice no difference between your training and the real-life of investing. On the downside, there is a withdrawal of $5, and the only base currency is the USD.

eToro is fully regulated and supervised by top-tier regulators such as the UK’s Financial Conduct Authority (FCA) and the Australian Securities and Investments Commission (ASIC) in Australia. The subsidiary in Europe, formerly known as “eToro (Europe) Ltd,” is authorised and regulated by the Cyprus Securities Exchange Commission (CySEC).

For more details, visit our eToro review.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

2# Interactive Brokers

interactive brokers logo
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Interactive Brokers at a glance

0% Commissions
Mobile App
ProductsStocks, ETFs, Bonds, Forex, Funds, Commodities, Options, Futures and CFDs
Minimum deposit€/£/$0
RegulatorsFINRA, SIPC, SEC, CFTC, IIROC, FCA, CBI, AFSL, SFC, SEBI, MAS, MNB

Founded in 1978 and publicly listed in NASDAQ (ticker: IBKR), Interactive Brokers is a global online broker that surpassed major financial crises, showing resilience and a rigorous risk management process.

Interactive Brokers offers an advanced investment platform that includes a wide range of products (stocks, options, mutual funds, ETFs, futures, bonds, and currencies) from 150 markets, solid trade execution (IB SmartRouting), and a set of technical and fundamental tools to help you in your investment decisions.

Beginners and intermediate investors have educational tools to explore, but the learning curve will be steep. That´s why we mainly endorse it to more advanced traders. Besides, customer service gives crystal clear answers to your doubts, so there is no need to go back and forth.

On the downside, Interactive Brokers’ fee structure is quite complex, the registration process is lengthy but entirely online, and the broker doesn’t offer commission-free trading. However, when considering FX fees, narrower spreads, and the stock loan program, Interactive Brokers’ clients still get significant savings compared to most brokers.

Interactive Brokers also launched IBKR GlobalTrader, a modern mobile trading app to trade Stocks, Options, and ETFs, ideal for beginner investors. Some of the features of IBKR GlobalTrader include automatic currency conversions, fractional shares, demo account, and more.

Want to know more about Interactive Brokers? Check our Interactive Brokers Review.

3# Plus500

When is Robinhood Coming to Europe? Alternatives for 2024 5
Visit Plus500When is Robinhood Coming to Europe? Alternatives for 2024 2

82% of retail CFD accounts lose money.

Plus500 at a glance

0% Commissions(only in Plus500 CFD)
Mobile App
ProductsPlus500CFD offers CFDs, Plus500Invest offers investing on real stocks
Minimum Deposit€/£/$100
RegulatorsFCA, CySEC, MAS, ASIC, FMA

Founded in 2008, Plus500 is an online broker offering a wide range of financial products, including real shares and CFDs on forex, indices, shares, commodities, options, ETFs, and cryptocurrencies. It is available in over 50 countries and is listed on the London Stock Exchange.

There are two distinct account types:

  • Plus500 CFD: It only focuses on CFD products;
  • Plus500 Invest: Where you can trade stocks (real shares);

The web platform you will use is the WebTrader, Plus500’s proprietary platform, offering a stable trading experience and reliable access from multiple devices, including a mobile app. All platforms are accessible and responsive, and you can start testing the features by opening a demo account.

Their customer support is helpful and readily assessed through a chat that is always shown on the trading platform. Their spreads are low, offering accounts in sixteen currencies, including USD, EUR, and GBP. Still, they charge a 0.70% currency conversion fee and a $10 monthly fee following three months with no activity. On Plus500 Invest, they only charge a small commission per trade (US market: $0,006/share).

Finally, it is regulated by financial regulators like the FCA and CySEC, meaning that Plus500 is appropriately supervised and that there is an investor protection scheme under the entity in which you open an account. For instance, If you open an account as a European investor through Plus500CY Ltd, you are protected up to €20,000. Additionally, Plus500 provides negative balance protection for CFD trading on a per-account basis – only to retail clients from the European Union.

As a side note, Plus500 Futures, a platform only available for US users and where you can trade Futures, is also part of the Plus500 group.

Want to know more about Interactive Brokers? Check our Plus500 Review.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

4# XTB

XTB Review - XTB Logo
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76-85% of retail CFD accounts lose money.

XTB at a glance

0% Commissions(Stocks and ETFs - only in some jurisdictions)
Mobile App
ProductsStocks, ETFs, and CFDs on stocks, Forex, indices, commodities, and cryptocurrencies
Minimum Deposit€/£/$0
RegulatorsFCA, KNF, CySEC and FSC

Founded in 2002, XTB presents itself as a market player with extensive worldwide experience, regulated by the Financial Conduct Authority (FCA) and listed on the Warsaw Stock Exchange. The platform offers 0% commissions on stocks. However, its software is more oriented to CFDs and forex trading with competitive costs.

XTB also offers other financial products such as commodities and cryptocurrencies. XTB charges high commissions on CFDs of cryptocurrencies but low costs for Forex. Besides, you will face an inactivity fee of €10/month after one year of non-trading and if you have not made any deposit in the last 90 days. Opening an account and transferring money is a quick and hassle-free process (demo account available).

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 76-85 % of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

5# DEGIRO

DEGIRO logo
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Investing involves risk of loss.

DEGIRO at a glance

0% Commissions(a €1 flat handling fee applies)
Mobile App
ProductsStocks, Funds, ETFs, Futures, Leveraged Products, Bonds, and Warrants.
Minimum Deposit€/£1
RegulatorsAFM, DNB

Founded in 2013, DEGIRO is a low-cost brokerage firm that has become very popular due to its low rates! With over 2.5 million users, the innovative platform has become widely known for its “do-it-yourself” philosophy in the sense that you have everything at your disposal to start investing on your own. It offers a wide range of financial assets to trade, including stocks, ETFs, bonds, options, futures contracts, warrants, investment funds, and some leveraged products (not quite the same as CFDs. More info here).

For instance, you can trade some ETFs for free (a €1 flat handling fee – external costs – still applies) with no minimum amount required. The web trading platform is basic, but it is efficient and straightforward to use. In a matter of minutes, you get used to it. The same applies to its mobile app. On the downside, there is an absence of any significant fundamental research, a €2.50 connectivity fee applies, and pricing alerts are missing.

Regarding security, DEGIRO is the Dutch branch of flatexDEGIRO Bank AG (a German-regulated bank). In the unlikely event that the segregated assets cannot be returned to clients, DeEGIRO falls under the German Investor Compensation Scheme, which compensates any losses from non-returned assets up to 90% (with a maximum of €20,000), so do bear this in mind if you are planning to invest much larger volumes. Furthermore, any money deposited on a DEGIRO Cash Account with flatexDEGIRO Bank AG will be guaranteed up to an amount of €100,000 under the German Deposit Guarantee Scheme.

Still any doubts? Go through our DEGIRO Review!

Which platform should you choose?

Some factors you should know when choosing an online broker are the fees charged if it is regulated by top-tier institutions such as the FCA in the UK, the range of products it allows you to trade (not all platforms allow you to trade EU stocks), among others.

The best online broker in your specific case will depend on your profile, preference, and objectives. Explore the websites above and decide for yourself!

A reminder that the above should not be seen as investment advice and should be considered information only. Investors should do their own research and diligence about the best-suited services and opportunities for their risk, returns, and impact strategy.

Hope we helped, and leave your comments below.

Happy investments!

Other FAQs about Robinhood

Can I use Robinhood from Europe with a VPN?

No, European investors cannot use a VPN to open a Robinhood account. Upon account opening, Robinhood requires specific documentation that proves that you are a US citizen.

How exactly does Robinhood make money?

The online broker earns money from interest earned on customers’ cash balances (money in your account not invested), by selling order information to third parties (high-frequency traders, for instance), and margin lending.

Regarding the selling of orders, the US Securities and Exchange Commission (SEC) is still investigating Robinhood for not fully disclosing its practice of selling clients’ orders to high-speed trading firms.

Until October 2018, Robinhood would not clearly state that it was receiving payments for order flows. By law, any financial company must reveal all the material facts an investor would want to know before making any investment decision.

Franklin Silva
Co-Founder & Fintech Analyst

Franklin is a CFA Level III Candidate with 3 years of experience in Wealth Management as a Fund Research Analyst and the Host of the "Edge Over Hedge" YouTube Channel.

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